Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Large Decrease in Short Interest

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 14,093 shares, a drop of 81.3% from the April 30th total of 75,412 shares. Based on an average daily trading volume, of 482,143 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.3%

INFL traded down $0.18 during midday trading on Friday, reaching $52.05. 136,533 shares of the company’s stock were exchanged, compared to its average volume of 316,457. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -2,256.37 and a beta of 0.70. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $40.94 and a one year high of $55.17. The business has a 50-day simple moving average of $52.66 and a two-hundred day simple moving average of $49.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFL. NewEdge Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares during the period. Waterloo Capital L.P. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 2.9% during the 3rd quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock worth $4,389,000 after acquiring an additional 2,797 shares during the last quarter. Ameriflex Group Inc. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock worth $219,000 after acquiring an additional 3,698 shares during the last quarter. Longview Financial Advisors Inc. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.1% during the 3rd quarter. Longview Financial Advisors Inc. now owns 167,710 shares of the company’s stock worth $7,496,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock worth $11,812,000 after acquiring an additional 3,042 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.